The property market & Labor’s negative gearing plan
A report in the Australian Newspaper yesterday says Federal Labor’s proposal to wind-back negative gearing taxbreaks would cause already nervous investors to desert the property market sending prices falling further in most cities between the next year and 2022.
This is the new economic modelling.
This debate has been going on for some time ever since the Labor Party released the policy but of course Chris Bowen won’t except any criticism.
Luke is joined by Louis Christopher, Managing director of SQM Research who were the authors of yesterday’s report.
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